Below are my personal notes for the CE process - everyone's situation is different, please adjust your plans according to your own situation and circumstances...

Questions For CE Time:

800#:

1) Can I choose a bank location in another State (close to my dealer)

2) Can I make a second appt without losing Group Rate (you never know)

3) Can I exchange a few notes elsewhere before appt without jeopardizing my Group Rate eligibility

4) What forms of ID do I need to bring

5) Do I need to bring receipts of purchase

6) Can I coordinate appt with Brinks/FedEx?...Read More Link On Right

BANK APPOINTMENT: 1) Dress and act low-key and normal 2)Will I get FRN? I want UST notes ONLY (if not I walk away) 3) What is the rate 4) Open 2 new NIB (Non-Interest Bearing) acct or likewise (one for IQD / another for VND) Do NOT mix with old/current currency - FRNs (Federal Reserve Notes) 5) Ask banker for no less than 6% per month - no less 6) Ask to deposit into a "Brokerage Acct" (This is for later when you go back to talk to Wealth Management) 7) Am I paying taxes here, has it been take out already? Do I pay this Quarterly? (If so you will then consult your Tax Atty and Accountant) 8) Ask about: CDARS® – the Certificate of Deposit Account Registry Service® – is the most convenient way for safety-conscious investors to access FDIC insurance on multi-million dollar deposits. With CDARS, you sign one agreement with a participating financial institution of your choice, earn one interest rate per maturity, and receive one regular statement. 9) Are CCC (Clean and Clear Certificates) real? If so ask for at least 20 10) Ask what kind of perks are available - chose wisely 11) IS there an NDA, what are the restrictions, rules etc. (READ READ READ the fine print on every document you sign. If you don't understand - ask questions until YOU are satisfied.) 12) Remember to FOC! (Freak Out Carefully!) Seriously, after waiting so long - have fun and rejoice but beware of hyper-ventilation, heart attacks, etc. >> NO JOKE<< **Do NOT let your currencies out of your sight!! If they need to send it out for verification - walk and go elsewhere. I put this list together just from learning and reading what our Intel Providers have been instructing...If I have missed any details, feel free to add to the list. May the Lord richly bless you all and impart wisdom, discernment and humility. Above all - be a good steward and help the helpless, let's make an impact in this world as historical as this event itself. GO RV! (Just a suggestion: Pass this info along to others not involved in chat, internet etc when you pass along the 800# to them) ......... gdsgrl21AZshorty: I just noted that the request is for non-interest bearing accounts and yet they are asking for a minimum of 6% ROI. Unless I misunderstood, this is inconsistent. Thank you!

gdsgrl21: AZshorty... The 6% we should ask for is AFTER the initial CE has been made. Should be discussed at your follow-up visit with the Wealth Mgt Group. Sorry for not being clear initially... Hope this anwers your question!

Curious

7/17/2013 10:14:23 am

Dear gdsgrl21, You are right, this is God's event, and we need to go forth with this blessing as good stewards and always make sure our plans are God's plans. Well done!

g8way2k

7/17/2013 10:22:24 am

I often wonder why people are not seeing, consulting with their tax attorney's FIRST. Does this kind of phone call take up too much of your time? Please, someone explain why this is not a priority, and I will explain why I think it is a mandate. Thanks.

robert

7/17/2013 01:34:28 pm

i don't have a tax attny. never needed one before. I live on a disability check. don't own anything tp pay taxes on. I live month to month on DAV check. Its as simple as that. Im not going to invest or purchase anything out of the norm when i exchange my dinar in hand for a check or wire to my local community bank. That is why i do not need to pay way to much money to someone that has no idea what im going to do with my USD if this thing happens???

g8way2k

7/17/2013 05:27:34 pm

Robert; efeeser: Both of you I'm sure are invested in either or both the VND and Dinar. Exchange a small note in first, then you'll have plenty of money for a tax/trust & estate attorney. Opening up a bank account in your personal name will deprive you of some tax advantages. Opening an account in your name may make it even more difficult and costly later on for the protection you'll need.

Ev Feeser

7/17/2013 02:57:57 pm

No money to pay a tax attorney!

gdsgrl21

7/17/2013 06:33:22 pm

g8way2k,

What would we tell the tax atty if we don't know what the taxes are going to be - guaranteed they don't know either...
Please share why you think it's a mandate.

I would add one thing when making the appointment... what is the rate ? If they can't tell you till the time of exchange - then ask if they know the published rate today for it.
One way or another you can hopefully get some information out of them and have a better idea how you want to proceed before you even arrive at the bank. I personally have a plan A and a plan B depending on rates. Even if they will only tell you "it's over $1 per dinar"...that is better than no info at all.

My understanding is if it's in a non interest bearing account, they can't use your money. If it's in an interest bearing account, they can use it. correct me if I'm wrong.

shag9

7/17/2013 10:29:44 am

I read some where to ask for a "Self Directed Broker Account"... GO RV

Guru Camel Toe

7/17/2013 10:32:03 am

I still say put your bulk of investment into an account with no debit card,no emails,no electronics period and no checks..my account won't even be seen at teller's level.Any thing I do I will go into bank and deal only with manager and or wealth manager

NoSpinZone

7/17/2013 10:35:13 am

You better be SURE there is such a thing as UST notes before you decide to walk away from a great deal. Hint: If you've only listened to chat boards, fringe blog sites and rumor without actually having seen one, you aren't SURE that UST notes exist. Advice for those who choose to heed.

Shelby

7/17/2013 10:44:06 am

You mention not to let your currency out of your sight. Which I complelty understand but my question is, if WF says they will credit your account that day then send it off. And if any return counterfeit or what ever ten they would take that out of your account and all that would take about a day to two days. Should I still find another bank? Or is that normal procedures?

gdsgrl21

7/17/2013 06:30:28 pm

Shelby,
The banks have a few ways of checking your currency on site - one is the De La Rue machine, another is a book they compare the notes to. Once checked it's clear and your good to go!

wittsend

7/17/2013 10:44:12 am

Do NOT waste your time or the bank's time asking for "clean and clear certificates" because those have NO meaning, bearing or relevancy to a currency exchange transaction. Once the bank exchanges your dinar or dong for dollars into whatever accounts you have, a legal presumption attaches that says the funds are good. The onus is on the bank to exchange legit currency. If they exchange it, your funds are good to go! You have no requirement or need to prove your funds after that.

GoN2CU

7/17/2013 01:19:54 pm

I would like to add that I had bought a new car cash and did not know that the dealer reports it to the government. I was then asked where I got the money. I will be asking for "Clean and Clear Certificates", I don't want the government asking questions. Better yet don't pay cash when buying big items, make payments for a while then pay item off, then there will be no report to government.......................lesson learned.

B Squared

7/17/2013 10:45:00 am

Don't believe you'll get 6% per month. That would be 72% per annum. You'll be lucky to get 6% per year.

g8way2k

7/17/2013 05:30:15 pm

An entire new world may open up for us post RV. Don't rule that kind of return out until you "check it out."

MileHigh

7/17/2013 10:51:16 am

Good list of advise {again this list is advise} Everyone's needs will be different.

One thing that I'd add to item #4 {take this as free advice, do with as you see fit}
The new account should have no checks, debit card, internet access to the funds. ONLY via a 'in person' visit can funds be accessed from this account. Funds can be wire transfered to another account of yours, cashier checks, or actual cash.
Until you can get the rest of your long term mechanisims set up, you want to protect your new wealth. By only allowing this new wealth to be accessably ONLY in person, you will have a layer of security that is easy to set up, and will not cost you anything. Yes, it will be "inconvenent" at first. But I am ok with that if I know long term most of my funds can not be lost due to a lost/stolen wallet, interent hacking, or such.

Mike

7/17/2013 10:55:07 am

#5. 6%? 6% interest on what is in your account? Is that what you mean? That is a WHOLE different ball game. Comments, please.

highdollarfolks

7/17/2013 11:08:08 am

First , nice list. Second, there is NO CCC anymore. Do your homework first and you will know this. We checked with banks, 3 major and currency trader and online. Just not needed since patriot act 2011. Just not given

#6: These are all excellent suggestions. However, I do have a comment about brokerage accounts. I am neither a broker nor an investor, but my research suggests that there are three types of brokerage accounts 1) cash accts 2) discretionary accts and 3) margin accts.

From what I read, they charge fees (some are hefty) for these accounts and one of them, the discretionary accounts, authorizes the broker to buy and sell at their own discretion - NOT yours.

My suggestion is DO YOUR HOMEWORK! NEVER assume someone has your best interest at heart.

Katz

7/17/2013 12:29:10 pm

What is FRN?

La Graham

7/17/2013 03:09:32 pm

Federal Reserve Note

Edoguy

7/17/2013 12:41:26 pm

6% per month may not be possible right now but,Cit is offering 1.75% per month compounded and it may be worth considering.

yes, where I live there is not a WF in which i prefer to exchange because of group rate and their preparation and knowledge of the transactions. Also i wondered about exchanging a little at a time and If I would recieve the same rate... Gotta fly with all that higher valued money-not a good idea...